Fannie Mae and Freddie Mac Extend the Purchase of Loans in a COVID-19 Forbearance

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Fannie Mae and Freddie Mac previously announced that, subject to conditions, the agencies will purchase loans in a COVID-19 forbearance. Also, in June 2020, the agencies extended eligible loans to those with note dates through July 31, 2020. On July 31, 2020, Fannie Mae in an update to Lender Letter 2020-06 and Freddie Mac in Bulletin 2020-30 extended eligible loans to those with note dates through August 31, 2020.

They also updated the applicable delivery and settlement dates.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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